RES.NET - Is it worth it? - Forum

Hello - Glad to be a part of the group and thanks for having me. I received a call from res.net yesterday "just letting me know" that they signed on a lot of new clients and because I was a past member they were offering me a discount of just $490/yr. I said that the last time I signed back up with the promise of new accounts I paid $700 and got nothing. I then asked if I could get a list of the "new companies" so I could review it and make my decision if I wanted to throw out another $500 for a hope and dream. The lady from res.net said she could not email me a list but she give me the following companies as "new to res.net" - Ditech (??), Carrington, NRes (??), Zoom, Green River and NationStar. Can anyone shed any light on if they think the res.net sign up is worth it and what other companies are actually using it? I have been in REO for 8 years, have had a few clients here and there that used it but I had decided to let a few of those companies go over the past few years and have not had a need for res.net. I appreciate the input. Thanks!

Replies

Wayne Gebhardt March 18, 2016 at 2:41am

Some of my Wells fargo PAS assetss were switched to a service that uses Res.net so I would be curious if any one is getting REO's through Res.net in 2016 thus far too. I am hesitate to pay as well.
- Melissa Schildtknecht > Wayne Gebhardt March 18, 2016 at 5:07am
  
  That is why I figured this venue was the best to through my question out on. I don't know if the "new companies" are actually new or not or if it was a sales tactic which it seemed to be the last time I threw out $700
- Sandra Page > Wayne Gebhardt March 18, 2016 at 4:42am
  
  I thought PAS used Aspen??
  - Carolyn Roberson > Sandra Page April 3, 2016 at 8:39am
    
    yes, they do; I've been w/PAS since late 80's!
Tessa Spigner - SC Realtor March 18, 2016 at 2:39am

I get a few REO's a month via res.net. For me yes it's worth it.
- Melissa Schildtknecht > Tessa Spigner - SC Realtor March 18, 2016 at 5:06am
  
  Did you sign up with the companies outside of res.net or did you rely on them to find you? I guess my thought is if I am approved through the company directly I will have a better shot at them assign rather then sitting around and hoping they have an asset outside of their typical agents coverage area.
Lori Millerick March 18, 2016 at 2:27am

I was a res.net member for many years. But the last time I did not sign back up. I was not getting much and the expense is more than what a would equal two commissions in many cases. Some of the REO companies go though auction sites and the commissions are very low making it difficult to justify the expense.
- Melissa Schildtknecht > Lori Millerick March 18, 2016 at 5:04am
  
  Thanks for your input. I am at the point where I would like to expand but no necessarily for the cost involved in this.
Rob Lewis March 18, 2016 at 2:21am

Absolute waste of money
- Melissa Schildtknecht > Rob Lewis March 18, 2016 at 5:03am
  
  Thanks. I am leaning in that direction too

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